Kiaasa Retail Ltd
Established in 2018, Kiaasa Retail Limited is an Indian fashion brand focused on women's ethnic and fusion wear.[1]
- Market Cap ₹ 75.1 Cr.
- Current Price ₹ 41.2
- High / Low ₹ 123 / 37.6
- Stock P/E 6.72
- Book Value ₹ 59.8
- Dividend Yield 0.00 %
- ROCE 16.1 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.69 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 61.5 to 89.7 days.
- Working capital days have increased from 138 days to 209 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 26 | 50 | 84 | 122 | 135 | |
| 25 | 45 | 75 | 105 | 111 | |
| Operating Profit | 2 | 5 | 9 | 16 | 23 |
| OPM % | 6% | 10% | 11% | 14% | 17% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 2 | 3 | 6 |
| Depreciation | 0 | 1 | 1 | 1 | 3 |
| Profit before tax | 1 | 3 | 7 | 12 | 15 |
| Tax % | 3% | 29% | 26% | 26% | 26% |
| 1 | 2 | 5 | 9 | 11 | |
| EPS in Rs | 27.20 | 49.20 | 11.93 | 7.08 | 6.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 24% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 4 | 13 | 18 |
| Reserves | 0 | 2 | 8 | 28 | 91 |
| 16 | 21 | 16 | 29 | 85 | |
| 14 | 30 | 67 | 75 | 77 | |
| Total Liabilities | 30 | 54 | 95 | 144 | 271 |
| 1 | 1 | 9 | 24 | 25 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 29 | 53 | 87 | 120 | 245 | |
| Total Assets | 30 | 54 | 95 | 144 | 271 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -13 | -3 | 11 | -12 | -76 | |
| -2 | -1 | -8 | -17 | -4 | |
| 14 | 5 | -3 | 30 | 108 | |
| Net Cash Flow | -0 | 1 | 0 | 1 | 27 |
| Free Cash Flow | -14 | -4 | 3 | -29 | -81 |
| CFO/OP | -762% | -67% | 129% | -63% | -298% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 89 | 154 | 29 | 66 | 90 |
| Inventory Days | 442 | 290 | 371 | 376 | 658 |
| Days Payable | 336 | 338 | 341 | 211 | 165 |
| Cash Conversion Cycle | 195 | 106 | 59 | 231 | 582 |
| Working Capital Days | -62 | 27 | 72 | 131 | 209 |
| ROCE % | 22% | 34% | 31% | 16% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio-video recording of 26 May 2026 post-earnings call for FY2026 results uploaded.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 May
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - Kiaasa Retail reported FY26 revenue of ₹134.63 crore, PAT of ₹11.17 crore, and 124+ stores.
- Announcement under Regulation 30 (LODR)-Investor Presentation 16 May
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Monitoring report for Q4 FY26 shows no deviation; unutilized IPO proceeds usage extended to March 31, 2027.
Annual reports
No data available.
Concalls
-
May 2026TranscriptAI SummaryPPT
Business Profile[1]
The company is a women-focused ethnic wear retailer operating through Exclusive Brand Outlets (EBOs), B2B wholesale and franchise channels, as well as online marketplaces and its own website, enabling an omnichannel distribution presence.